India New Issue-Godrej Industries accepts bids for multiple tenor bonds - traders

Godrej Industries

17/03/2023 14:26

MUMBAI, March 17 (Reuters) - India's Godrej Industries
 GODI.NS  has accepted bids worth an aggregate of 5.50 billion
rupees ($66.60 million) for two bonds maturing in two years and
eight months, and in three years and two months, respectively,
three merchant bankers said on Friday.
    The company will pay an annual coupon of 8.35% on below
three-year bond, and accepted bids worth 3 billion rupees. It
will pay an annual coupon of 8.30% on over three-year bond, and
accepted bids of 2.50 billion rupees, the bankers said.
    The company had invited bids earlier in the day, and the
issues will be settled next week.
    The bonds are rated "AA" by CRISIL and ICRA, and will mature
in December 2025 and June 2026, respectively.


($1 = 82.5770 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Shilpi Majumdar
Editing by)
 ((Dharamraj.dhutia@tr.com))